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General

TI looking to close Telecom Argentina sale this year - CEO

Thursday 18 February 2016 | 15:43 CET | News
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Telecom Italia is working on completing the sale of its stake in Telecom Argentina this year, reports Reuters, citing the Italian company's CEO Marco Patuano. Speaking at the presentation of Telecom Italia's full-year results, Patuano revealed that negotiations were underway to finally reach an agreement to divest the remainder of the Italian group's stake in the South American operator by the end of the year. Although Telecom Italia reached a deal back in 2013 to sell its 68 percent controlling stake in Telecom Argentina holding company Sofora to US-backed investment fund Fintech for USD 960

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Categories: General
Companies: Telecom Argentina / Telecom Italia
Countries: Argentina
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